Business · Companies · 2 hrs ago
Renner reports lower adjusted profit and drops revenue forecasts
Brazilian fashion retailer Lojas Renner reported a lower adjusted profit for the third quarter of 2026.
Adjusted net profit fell 24.5% from a year earlier to 187.1 million reais, while accounting profit was 246.4 million reais.
The company said shoppers were more cautious about prices, and high interest rates and household debt weighed on spending.
Retail revenue fell 1.6%, and sales at stores open for at least a year declined 2.5%.
Online sales grew 3.7%, but the company said stronger competition and economic uncertainty made future revenue harder to predict.
Renner dropped its revenue growth forecasts for 2026 and 2027 to 2030, while saying its other forecasts remain unchanged.
It is adjusting its product range and prices, with more entry-level and essential items, versatile clothing and promotions.
Lojas Renner reported adjusted net profit of R$187.1 million in the third quarter of 2026, down 24.5% from a year earlier.
The result was above the market’s average expectation of R$199 million, according to analysts surveyed by LSEG.
The company discontinued its revenue growth projections for 2026 and 2027–2030, citing greater macroeconomic and competitive uncertainty.
Consolidated retail net revenue fell 1.6% year on year to R$3.029 billion, while same-store sales declined 2.5%.
Renner said demand recovered gradually during the quarter, but more slowly than projected.
- Who
- Lojas Renner, a Brazilian retail company.
- What
- It reported lower adjusted profit and discontinued its revenue growth projections for 2026 and 2027–2030.
- When
- In the third quarter of 2026; the results were disclosed on November 5, 2026, according to Exame.
- Where
- Brazil.
- Why
- The company cited greater macroeconomic and competitive uncertainty, as well as reduced predictability for revenue growth.
This story does not have two clearly opposing sides.
Renner originally presented its retail net operating revenue growth projection.
The company revised the projection.
Adjusted net profit fell 24.5% year on year to R$187.1 million.
Renner disclosed its quarterly results and discontinued its revenue growth projections.
- Adjusted net profit
- R$187.1 million, down 24.5% year on year
- Market expectation
- R$199 million average profit forecast, according to LSEG analysts
- Consolidated retail net revenue
- R$3.029 billion, down 1.6% year on year
- Same-store sales
- Down 2.5%
- Revenue projections discontinued
- 2026 and 2027–2030
2 sources
What people are saying
We observed a gradual recovery in demand throughout the quarter, but at a slower pace than projected.
The current macroeconomic and competitive situation has increased uncertainty, reducing the predictability of the pace of revenue growth.